Overtime Pay Expansion: Who Will the DOL’s New Rule Impact?

Yesterday evening, the White House announced important details for a long awaited Department of Labor (DOL) rule change that will expand who is eligible for overtime pay. In particular, we now know that DOL will more than double the threshold for exempting salaried workers from overtime pay from the current $455 per week to $970 per week. This means that the salaried workers who are entitled to receive time-and-a-half pay for working over 40 hours per week will expand from those earning below $23,660 per year to those earning below $50,440 per year. Now that we know the exact change in the salary threshold, we can precisely examine the workers who will be impacted by the rule change and how successful it will be as a tool to increase incomes and fight poverty.

Four National Groups File in Support of MetLife’s FSOC Fight

Four groups filed Amici Curiae briefs in support of MetLife lawsuit against the Financial Stability Oversight Council (FSOC): the National Association of Insurance Commissioners (NAIC), the American Council of Life Insurers (ACLI), the Academic Experts in Financial Regulation (AEFR), and the United States Chamber of Commerce (Chamber). Their arguments took four main forms: • FSOC did not understand the insurance industry, • MetLife is already under rigorous supervision, • FSOC looked narrowly at size alone and ignored  a multitude of other factors, and • FSOC did not follow standard federal agency procedures (e.g., benefit-cost analysis).

Policy Concerns of LTE in Unlicensed Spectrum

A group of developing technical standards allowing cellular carriers to use unlicensed spectrum has shown promise in enhancing consumer services, but is already facing pushback from players in the industry.The Federal Communications Commission (FCC) should be agnostic as to the development in this space, especially as it considers further action or new rules for unlicensed bands. Ultimately, what is happening in the 5 GHz band highlights the perennial problems of interference and pricing in unlicensed spectrum that are intractable.

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